Deutsche Bank eyes financial hit from 2010 Korea brokerage case

FRANKFURT, March 20 (Reuters) - Deutsche Bank
said it faces potential damages of about 250 million euros ($270
million) in relation to a 2010 Korean stock market manipulation
case, which at the time resulted in a six-month trading ban for
Germany's flagship lender.

"These litigations are at stages of proceedings, with
verdicts in some actions possible during 2015," the bank said in
its annual report published late on Friday.

South Korea's top financial regulator in April 2011
suspended some operations of Deutsche Bank's local brokerage
unit for six months after ruling that the bank manipulated the
stock market.

The Financial Services Commission (FSC) at the time also
took five Deutsche employees to prosecutors for investigation,
as they made 45 billion won ($40 million) of improper profit by
manipulating the stock market to make their derivatives
positions profitable.

The criminal trial commenced in January 2012 and a verdict
in respect of Deutsche Securities Korea and one of the indicted
employees may be delivered during 2015, Deutsche Bank said in
its annual report for 2014.